– Advertisement – melbourne, FL, June 29, 2023 – In a troubling development, Melbourne-based company Property Registration Champions (Prochamps), once a front-runner in the field of technology-driven property registration and compliance, has announced that it is filing as an assignee for the benefit of creditors, also known as an ABC. This drastic measure underscores the…
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The company that leased an iconic homestead southwest of melbourne has collapsed, leaving locals concerned about the heritage-listed property and at least one bride-to-be having to scramble to find a new wedding venue. Cumming Enterprises Melbourne, which leased the Point Cook Homestead from Parks Victoria, entered voluntary liquidation on July 7. The business facilitated…
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THE company formerly behind The brisbane Hotel has been placed under voluntary administration, leaving in its wake debts worth hundreds of thousands of dollars. Prominent hospitality operator Geoff Hayward cited high rents and a soft economy for entertainment venues on the Brisbane’s trading losses for Capital Management over the past two years. Poor trading for…
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By Violet Li Affected families by the collapse of the Victorian builder Montego Homes are reeling from losing their deposits and their dream houses in the Casey South region. South melbourne builder Montego Homes went into voluntary administration in January, with Sam Kaso and Shaun Matthews of insolvency service Cor Cordis appointed as administrators to…
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melbourne digital printer Retail Communications has closed its doors and gone into liquidation, leaving behind a debt of $1.7 million. About 15 staff members have lost their jobs. A notice published on the ASIC site says: “A general meeting of the members of the Company held on 25 September…resolved that the company be wound up and…
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Transit Clothing has gone into voluntary administration, with four stores shutting down in WA. Mandurah, Dunsborough and perth DFO branches will close immediately, followed by the Clarkson outlet on Saturday. All staff members affected by the closures will be made redundant from the retailer, known for selling casual clothing, shoes and accessories. The remaining stores…
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melbourne based printer Retail Communications has gone into liquidation, with its cash flow unable to service its growing debt, thought to be in excess of $1.5m. The company is owned by Mark Archibald, who has had the company – which has between 15 and 20 staff – for almost 11 years. The business is currently…
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Petra Hair Care has collapsed into liquidation after 52 years in business. The chain started business as a hairdressing salon in melbourne‘s Elizabeth Street in July 1966 where it became apparent there was a market for selling hair care to the home. Petra Hair Care grew to five stores across Melbourne.Credit: Stocksy Soon the salon…
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Wayward Brewing is in administration with $2 million of debt and its founder has warned it’s unlikely to be the last craft brewer to hit financial trouble. Peter Philip, who founded the Wayward brand in 2012, put the business into voluntary administration on January 2. It owes around $2 million in debts to trade creditors,…
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perth inner city live music venue The brisbane Hotel has in new hands after the previous owner went into voluntary administration. Family-run hospitality and tourism operator The Prendiville Group has taken over. Its venues include the Cottesloe Beach Hotel, Hotel Rottnest, Tradewinds and the Norfolk in Fremantle as well as Sandalford Wines in the Swan…
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